Telecom Technology at the heart of NYTEX

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ACIMAS™

(the Advanced Circuit Intelligent Management Algorithm System)

The ability of ACIMAS™ to manage and sort the quality telecommunications is what has enabled NYTEX to create an exchange that allows telecommunications to be a true commodity.

This is accomplished through 4 key mechanisms:

block trading

NYTEX works like any other commodity exchange

The concept of block trading, where a block of minutes is traded at a contracted price instead of being transacted on a per minute basis.

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Referencequality

The creation of a reference quality minute for each market.

A minute is now standardized just like a barrel of oil. ACIMAS™ ensures that like oil transactions, if there is a contract for a specific grade and quantity - that is what will be delivered. For telecommunications this means that ACIMAS™ works for the sellers by measuring in real time the quality of their minutes and adjusts the delivery so that only minutes meeting or exceeding the reference quality are actually delivered to the buyer.

unique ticker

NYTEX market consisting of a country and network operator.

The establishment of a distinctly identifiable commodity represented by a unique "ticker" for each NYTEX market consisting of a country and network operator. As an example, minutes terminating in Mali to mobile operator Malitel, would be considered a distinct market and represented as MLMA. So there can be several markets within a given country.

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Trading Floors

(the fully integrated USD and EURO trading floors)

The NYTEX Trading Floors (the fully integrated USD and EURO trading floors) which is the neutral meeting point for buyers and sellers and provides both technical and financial clearing of all transactions.